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If bitcoin becomes the world currency, nation states can mine in order to protect the system. I think an equilibrium would be reached. For example, the US is p
by javert 5y ago
If bitcoin becomes the world currency, nation states can mine in order to protect the system.
I think an equilibrium would be reached. For example, the US is probably OK with Russia having 10% of hash power if the US has 10%, and so on.
However, that particular example may be unrealistic, because the US would probably choose poverty over accepting bitcoin.
- warkdarrior 5y ago> If bitcoin becomes the world currency, nation states can mine in order to protect the system. That sounds truly decentralized. /s
- delaaxe 5y agoAs long as there’s enough countries mining, it’s decentralized enough